Managing Risk and Facilitating Trade in the COVID-19 Pandemic
Maintaining trade flows as much as possible during the COVID-19 pandemic will be crucial in providing access to essential food and medical items and in limiting negative impacts on jobs and poverty. Some countries are closing border crossings and i...
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| Format: | Policy Note |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/751981585606039541/Managing-Risk-and-Facilitating-Trade-in-the-COVID-19-Pandemic http://hdl.handle.net/10986/33515 |
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okr-10986-335152021-06-14T09:59:19Z Managing Risk and Facilitating Trade in the COVID-19 Pandemic World Bank CORONAVIRUS COVID-19 TRADE POLICY TRADE FACILITATION BUSINESS CONTINUITY BORDER AGENCIES CROSS-BORDER COLLABORATION SAFE BORDER TRADE RISK MANAGEMENT HEALTH CRISIS OCCUPATIONAL HEALTH AND SAFETY Maintaining trade flows as much as possible during the COVID-19 pandemic will be crucial in providing access to essential food and medical items and in limiting negative impacts on jobs and poverty. Some countries are closing border crossings and implementing protectionist measures such as restricting exports of critical medical supplies. Although these measures may in the short-term provide some immediate reduction in the spread of the disease, in the medium term they may undermine health protection, as countries lose access to essential products to fight the pandemic. Instead, governments should refrain from introducing new barriers to trade and consider removing import tariffs and other taxes at the border on critical medical equipment and products, including food, to support the health response. Trade facilitation measures can contribute to the response to the crisis by expediting the movement, release, and clearance of goods, including goods in transit. The World Bank Group provides guidance and technical assistance to developing and least developed countries to implement best practices to facilitate the free flow of goods. This note provides initial guidance on measures: to support business continuity and protection of front-line officers, and to facilitate safe cross-border trade, which includes (i) handling of relief/emergency consignments, (ii) enhanced use of risk management, safe processing of risk passengers and (iii) increased internal and external border agency collaboration. 2020-03-31T20:52:26Z 2020-03-31T20:52:26Z 2020-03-30 Policy Note http://documents.worldbank.org/curated/en/751981585606039541/Managing-Risk-and-Facilitating-Trade-in-the-COVID-19-Pandemic http://hdl.handle.net/10986/33515 English Trade and COVID-19 Guidance Note; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CORONAVIRUS COVID-19 TRADE POLICY TRADE FACILITATION BUSINESS CONTINUITY BORDER AGENCIES CROSS-BORDER COLLABORATION SAFE BORDER TRADE RISK MANAGEMENT HEALTH CRISIS OCCUPATIONAL HEALTH AND SAFETY |
| spellingShingle |
CORONAVIRUS COVID-19 TRADE POLICY TRADE FACILITATION BUSINESS CONTINUITY BORDER AGENCIES CROSS-BORDER COLLABORATION SAFE BORDER TRADE RISK MANAGEMENT HEALTH CRISIS OCCUPATIONAL HEALTH AND SAFETY World Bank Managing Risk and Facilitating Trade in the COVID-19 Pandemic |
| relation |
Trade and COVID-19 Guidance Note; |
| description |
Maintaining trade flows as much as
possible during the COVID-19 pandemic will be crucial in
providing access to essential food and medical items and in
limiting negative impacts on jobs and poverty. Some
countries are closing border crossings and implementing
protectionist measures such as restricting exports of
critical medical supplies. Although these measures may in
the short-term provide some immediate reduction in the
spread of the disease, in the medium term they may undermine
health protection, as countries lose access to essential
products to fight the pandemic. Instead, governments should
refrain from introducing new barriers to trade and consider
removing import tariffs and other taxes at the border on
critical medical equipment and products, including food, to
support the health response. Trade facilitation measures can
contribute to the response to the crisis by expediting the
movement, release, and clearance of goods, including goods
in transit. The World Bank Group provides guidance and
technical assistance to developing and least developed
countries to implement best practices to facilitate the free
flow of goods. This note provides initial guidance on
measures: to support business continuity and protection of
front-line officers, and to facilitate safe cross-border
trade, which includes (i) handling of relief/emergency
consignments, (ii) enhanced use of risk management, safe
processing of risk passengers and (iii) increased internal
and external border agency collaboration. |
| format |
Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Managing Risk and Facilitating Trade in the COVID-19 Pandemic |
| title_short |
Managing Risk and Facilitating Trade in the COVID-19 Pandemic |
| title_full |
Managing Risk and Facilitating Trade in the COVID-19 Pandemic |
| title_fullStr |
Managing Risk and Facilitating Trade in the COVID-19 Pandemic |
| title_full_unstemmed |
Managing Risk and Facilitating Trade in the COVID-19 Pandemic |
| title_sort |
managing risk and facilitating trade in the covid-19 pandemic |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/751981585606039541/Managing-Risk-and-Facilitating-Trade-in-the-COVID-19-Pandemic http://hdl.handle.net/10986/33515 |
| _version_ |
1764478933624946688 |